Key Developments For WACOAL HOLDINGS CORP.
WACOAL HOLDINGS CORP. (WACLY.O) (Consolidated Issue listed on NASDAQ Capital Market)
Wacoal Holdings Corp. Lowers Consolidated Full-year Outlook for FY Ending March 31, 2010
Wacoal Holdings Corp. announced that it has lowered its consolidated full-year outlook for revenue from JPY 171,000 million to JPY 167,000 million, operating profit from JPY 7,200 million to JPY 3,800 million, ordinary profit from JPY 5,800 million to JPY 3,100 million, net profit from JPY 3,800 million to JPY 2,100 million and earning per share from JPY 27.06 to JPY 14.73 for the fiscal year ending March 31, 2010. This is due to the influence of finance crisis. According to Reuters Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 168,000 million and net profit of JPY 3,500 million.
Wacoal Holdings Corp. Lowers Consolidated Mid-year Outlook for FY Ending March 2010
Wacoal Holdings Corp. announced that it has lowered its consolidated mid-year outlook for revenue from JPY 86,000 million to JPY 81,600 million, operating profit from JPY 4,700 million to JPY 3,900 million and ordinary profit from JPY 3,300 million to JPY 3,200 million, but raised the outlook for net profit from JPY 1,900 million to JPY 2,100 million and earning per share from JPY 13.53 to JPY 14.90, for the fiscal year ending March 2010. The Company lowered the outlook due to the global business depression, among others.
Wacoal Holdings Corp. Announces Year-end Dividend Payment
Wacoal Holdings Corp. announced that the Company has decided to pay a year-end dividend of JPY 25.00 per share, in line with the last forecast announced on January 30, 2009, to all shareholders of record as of March 31, 2009, for the fiscal year ended March 31, 2009.
Lecien Corporation Announces Acquisition from Wacoal Holdings Corp. through Stock Swap
Lecien Corporation announced it has concluded a contract with Wacoal Holdings Corp. on May 8, 2009. Through the contract, Wacoal Holdings Corp. will acquire Lecien Corporation's stock through stock swap, on August 17, 2009. Lecien Corporation is engaged in manufacturing and wholesale of women's inner and clothes, lace, as well as handicraft articles in Kyoto, Japan. Wacoal Holdings Corp. will exchange one share of Lecien Corporation's stock with 0.065 share of Wacoal Holdings Corp.'s stock. And Lecien Corporation will be delisted from Osaka Securities Exchange, effective August 11, 2009.
Wacoal Holdings Corp. Lowers Consolidated Full-year Forecast for FY Ending March 31, 2009
Wacoal Holdings Corp. announced that the Company has lowered the consolidated full-year forecast for revenue from JPY 178,000 million to JPY 173,000 million, operating profit from JPY 11,500 million to JPY 9,600 million, ordinary profit from JPY 9,500 million to JPY 7,300 million and net profit from JPY 5,800 million to JPY 5,000 million for the fiscal year ending March 31, 2009. The Company lowered the consolidated full-year outlook due to worldwide economic crisis, raise in value of yen, as well as slumping stock market. According to Reuters Estimates, analysts on average were expecting the Company to report full-year revenue of JPY 178,000 million, operating profit of JPY 11,550 million and net profit of JPY 5,900 million.
